Checking account

A _____ is used to add funds to a bank account

• deposit slip
• signature card
• check
• check register

Some banks charge $20 or $25 penalty fee for checks you don't have enough money to cover.

• True
• False

Money taken out of your checking account.

• withdrawal
• stop payment
• endorsement
• outstanding

You _________ your account when you write checks for more money than you have in the bank.

• debit card

• service fee

• overdraw

• deposit

A __________ is a log where you keep track of all your checking transactions.

• statement
• register

What is a debit card?

• it's like a check but comes out of your account automatically

• It's more convient than a check

• Your use your PIN number to make purchases

• all of the above

Which of the following is not something that you fill out on a check?

• your signature 
• the date
• your birthdate 
• who the check is made payable to 

Checking accounts should be used for ...

• everyday transactions.
• emergency funds.
• short-term goals.
• long-term goals.

Cash can be withdrawn from a checking account using all of the following except a(n)...

• debit card. 
• check. 
• ATM.
• credit card.

One difference between a savings account and a checking account is...

• checking accounts usually pay less interest.
• the checks.
• the number of withdrawals.
• All of the Above